PSX · OIL & GAS EXPLORATION COMPANIES · 30 Min
PPL Inverse Head & Shoulders forming
Pakistan Petroleum Limited · 02 Nov 2026 · 13:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 213.40
- ▲ 1.14%
- Target
- 230.69
- +8.1%
- Invalidation
- —
- ATR
- 1.36
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
PPL has completed an inverse head & shoulders on the 30-minute chart with the head at 207.55 and the neckline at 219.82.
The pattern is confirmed by a 30-minute close above 220.09. The measured move from the neckline points to 230.69 (+4.9%). A close beyond the head at 207.55 cancels it.
Structure: bearish external, bearish internal (strong high 250.00). Nearest demand OB 207.55 - 208.70, supply OB 220.00 - 221.60.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 213.40.
- 2 The target, 230.69 (+8.1%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.